Swiss National Bank cuts interest rate to zero
The Swiss National Bank has cut its interest rate by 0.25 pp to zero. The new policy rate applies from today. Its forecast put average annual inflation at 0.2 per cent for 2025, 0.5 per cent for 2026 and 0.7 per cent for 2027. It expects GDP growth of 1 per cent to 1.5 per cent for both 2025 and 2026. Unemployment is likely to continue to rise slightly and the economic outlook is uncertain.
The Swiss National Bank has cut its interest rate by 0.25 pp to zero.
The new policy rate applies from today.
Its forecast put average annual inflation at 0.2 per cent for 2025, 0.5 per cent for 2026 and 0.7 per cent for 2027.
It expects GDP growth of 1 per cent to 1.5 per cent for both 2025 and 2026.
Unemployment is likely to continue to rise slightly and the economic outlook is uncertain.
